VinFast Auto Ltd. (VFS): Rapid Growth in EV Deliveries Positions Penny Stock for Success [Yahoo! Finance]
VinFast Auto Ltd. (VFS)
Company Research
Source: Yahoo! Finance
According to an S&P Global report on October 21, the automotive industry faces challenges in sustaining EV sales after initial adoption by early technology enthusiasts. Analysts indicate that higher EV prices, typically $10,000 to $15,000 more than comparable internal combustion engine (ICE) models, have hindered broader consumer purchases. While some automakers have recently lowered prices, demand remains closely tied to subsidies. The report highlighted that demand often declines in markets where subsidies and incentives decrease. In the U.S., states like New Jersey continue to offer incentives, such as up to $4,000 for new battery EVs and $250 for EV chargers, to help close the price gap. Another challenge is that range anxiety persists, especially in colder weather, which can reduce battery efficiency by about 25% when temperatures drop below 40°F, according to Consumer Reports. Additional challenges include insufficient charging infrastructure, longer charging times compared
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VFS
News
- VinFast Drives Community Support with Food Bank Initiative: Test Drive a VinFast EV, Help Provide 100,000 Meals for Those in NeedBusiness Wire
- VINFAST BEGINS U.S. DELIVERIES OF VF 9 ALL-ELECTRIC WITH LIMITED-TIME SPECIAL OFFERPR Newswire
- VinFast Begins Canadian Deliveries of VF 9 All-ElectricBusiness Wire
- Is VinFast the Next Fisker? [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of VinFast Auto Ltd. - VFSPR Newswire
VFS
Earnings
- 4/17/24 - Miss
VFS
Sec Filings
- 11/21/24 - Form EFFECT
- 11/20/24 - Form POS
- 11/14/24 - Form 424B3
- VFS's page on the SEC website